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All content tagged: European Crisis

Yanis Varoufakis - 2019-09-26 - Original post - cached version

ATHENS – During his tenure as President of the European Central Bank, Mario Draghi forged a variety of weapons that he deployed to shield the eurozone from menacing deflationary forces. Without them, the euro would have been history. However, the deflationary specter haunting Europe was...
Yanis Varoufakis - 2019-07-16 - Original post - cached version
Christine Lagarde was a key member of the infamous troika – Greece’s official creditors – who crushed our people’s resistance to perpetual debt bondage. The other key figure alongside the International Monetary Fund’s then managing director was Mario Draghi, president of the European Central Bank,...
Yanis Varoufakis - 2019-07-14 - Original post - cached version
Small incidents can pack hefty messages. Yesterday afternoon, a tiny drama unfolded at Paris airport, as I was disembarking the airplane that had brought me over from Athens. It speaks volumes about the state of our European Union and the drift toward inane authoritarianism.

A French policeman,...

Yanis Varoufakis - 2019-06-11 - Original post - cached version
Amid the bad results for the Left in the European elections, the Greek outcome was particularly poignant. In the last such contest in 2014, Syriza rode the revolt against austerity to become the largest single party, in its final step toward national office. Five years later, in last month’s...
Yanis Varoufakis - 2019-05-20 - Original post - cached version

ATHENS – The eurozone country that has become synonymous with insolvency is today proving to be a treasure-trove for some. Traders who bought Greek assets a few years ago have good reason to celebrate, having banked returns that no other...

Yanis Varoufakis - 2019-04-18 - Original post - cached version
Yanis Varoufakis and the DiEM25 movement are making headlines with their call for a more democratic and just European Union. Varoufakis brings his experience dealing with the EU as the former finance minister of Greece to the table for the European Spring, a European Parliament electoral slate that...
Yanis Varoufakis - 2019-04-05 - Original post - cached version

Alphaville’s Jemima Kelly and Izabella Kaminska sat down with Yanis Varoufakis, former finance minister of Greece and current organiser of a trans-European group, DiEM25, of what he calls “radical Europeanists” — in favour of union, without deflation or austerity. Mr Varoufakis answers...
Yanis Varoufakis - 2019-03-27 - Original post - cached version

The official story is one of creating a national champion, a German bank large enough to compete with American investment banks. The truth is far less heroic and a lot more sordid than that. Here is why Demokratie in Europa is campaigning against this merger. Both banks are zombies....
Yanis Varoufakis - 2019-03-14 - Original post - cached version

The 2008 global financial crisis—the modern 1929 crash—set off a vicious chain reaction across Europe. By 2010 it had irreparably damaged the foundations of the eurozone, causing the establishment to bend its own rules and commit crimes against logic in order to bail out its banker friends...
Yanis Varoufakis - 2019-03-12 - Original post - cached version

The European Union is fragmenting at a time when Europeans need it the most. Emmanuel Macron is right to point this out. But he is wrong to push another top-down agenda that lacks credibility, fails to speak to European’s concerns, and entrenches the democratic deficit at the heart of the...
Yanis Varoufakis - 2019-03-07 - Original post - cached version

Demokratie in Europa is DiEM25’s new political party in Germany. Demokratie in Europa is running in the European Parliament election this coming May as part of our EUROPEAN SPRING that is campaigning across Europe on the basis of our transnational NEW DEAL FOR EUROPE. In this Berlin speech, and...

Yanis Varoufakis - 2019-03-03 - Original post - cached version
The fact that Italy’s public debt has a lower credit rating than private debt is a reflection not of public debt’s intrinsic inferiority but of a political choice made by European leaders. And, by bolstering an authoritarian politician, that choice is now blowing back on them....
Yanis Varoufakis - 2019-02-11 - Original post - cached version

Monday 18 February, 20.00, live from Théâtre du Rond-Point. A discussion between Aude Lancelin and Yanis Varoufakis on politics and philosophy. Follow on @LeMediaTV.

Yanis Varoufakis - 2019-01-20 - Original post - cached version
With xenophobic and authoritarian forces rising across the EU, societies in stagnation  levels, and climate catastrophe on the horizon, it’s time to stop what we’re doing and rethink. The EUROPEAN SPRING, that will be contesting the May 2019 European elections in 11 countries, brings together...
Yanis Varoufakis - 2019-01-08 - Original post - cached version
In 2018, the good people behind the Edinburgh Festival kindly invited me to host a series of discussions under the title KILLING DEMOCRACY? My remit was: Further to explore the question of whether the current form of financialised capitalism is devouring democracy, reflecting on my work with the...
Yanis Varoufakis - 2018-12-14 - Original post - cached version
If Brexit demonstrates that leaving the EU is not the walk in the park that Eurosceptics promised, Emmanuel Macron’s current predicament proves that blind European loyalism is, similarly, untenable. The reason is that the EU’s architecture is equally difficult to deconstruct, sustain and reform....
Yanis Varoufakis - 2018-10-15 - Original post - cached version
One country that symbolised the crisis of the last 10 years was Greece. Its insolvency embarked the country on a long regime of bail-outs and austerity. This August, Greece officially emerged from the crisis, with the OECD forecasting GDP growth again. So, did the austerity work? The former Greek...
Yanis Varoufakis - 2018-10-03 - Original post - cached version

This is the English language (original) interview with Arcangelo Rociola, published on the AGI site in Italian, on the Italian government’s clash with Brussels over its budget deficit, the plans for a flat tax (that is not flat) and a...

Yanis Varoufakis - 2018-08-22 - Original post - cached version
BILD meets Yanis Varoufakis – the man who was THE symbol of the Greek left-wing government’s resistance against the targets set by the bailout troika for the broke state of Greece. We met the professor of economics – who co-founded left-wing movement DiEM25 – in his summer house in the mountains of...
Yanis Varoufakis - 2018-08-13 - Original post - cached version
Every so often humanity manages genuinely to surprise itself. Events to which we had previously assigned zero probability push us into what the ancient Greeks referred to as aporia: a state of intense bafflement urgently demanding a new model of the world we live in. The Crash of 2008 was such a...
Yanis Varoufakis - 2018-07-17 - Original post - cached version
 “I wanted a Germany that was hegemonic and efficient, not authoritarian and caught up in a European Ponzi scheme. That was in 2013.” Excerpt from the Munich Seminar. This CESifo group Munich seminar took place on June 11, 2018 in Ludwig-Maximilian University, in Munich, in the Grosse Aula of...
Yanis Varoufakis - 2018-06-28 - Original post - cached version

ATHENS – Europe’s establishment is luxuriating in two recent announcements that would have been momentous even if they were only partly accurate: The end of Greece’s debt crisis, and a Franco-German accord to redesign the eurozone....

Yanis Varoufakis - 2018-06-06 - Original post - cached version
The Left must adopt a new, credible EU policy agenda: It’s time to explain how the bloc, and the euro, could be run differently, democratically and sustainably

Italy’s recent political crisis has at once confirmed the European Union’s unsustainability and the left’s impotence.

That the...

Yanis Varoufakis - 2018-06-05 - Original post - cached version
Vanity Fair’s interviewed me on the new Italian government (see here). The complete, original Q&A follows below:

So, Italy has finally a government. New Premier is Giuseppe Conte, a technician who was never elected. Do you think this is acceptable? 

The new government has the consent...

Yanis Varoufakis - 2018-06-05 - Original post - cached version
Italian daily Il Fatto Quotidiano interviewed me (see here) regarding the latest developments in Italy, Europe and Greece. The original Q&A (in English) follows:

Greece is about to exit from the notorious memorandum, the austerity plan signed with the troika. Public finance has improved at a...

Yanis Varoufakis - 2018-06-01 - Original post - cached version
Italy should be doing well. Unlike Britain, it exports considerably more to the rest of the world than it imports, while its government spends less(excluding interest payments) than the taxes it receives. And yet Italy is stagnating, its population in a state of revolt following two lost decades....
Yanis Varoufakis - 2018-05-31 - Original post - cached version
Corriere Della Sera, the Italian daily, published today an interview that I gave to Aldo Cazzullo. For the published version (in Italian of course), you can visit the paper’s site here. However, the published text is a heavily reduced version of the exchange between Mr Cazzullo and myself. For...
Yanis Varoufakis - 2018-05-30 - Original post - cached version
JOHANNESBURG – One of the most common mistakes European leaders make in interpreting US President Donald Trump’s hostility toward America’s traditional allies, or the alacrity of his administration’s efforts to blow up the international order, is to assume that all of this is unprecedented. Nothing...
Yanis Varoufakis - 2018-05-29 - Original post - cached version

Rome, July 24, 2015
To Yanis Varoufakis and Dominique Strauss-Khan

Dear Yanis, dear Dominique,

There is a place on earth that represents Europe’s very roots: Greece. Let us begin there.

Athens, April 28, 1955. Albert Camus’ conference on “The future of Europe”.[1]...

Yanis Varoufakis - 2018-05-28 - Original post - cached version
I concede that there are issues over which I would welcome the Italian President’s use of constitutional powers that (in my humble opinion) he should not have.(*)  One such issue is the outrageous policy of the Lega and the promise of its leader, Mr Salvini, to expel five hundred thousand migrants...
Yanis Varoufakis - 2018-05-25 - Original post - cached version

On the day of this discussion/presentation, students and staff were occupying part of the New School as part  of a twin labour dispute: one regarding the cafeteria staff facing dismissal and partial re-employment under worse terns and a second dispute concerning low pay and lack of rights for...

Yanis Varoufakis - 2018-05-19 - Original post - cached version

Click photo above or here for the video discussing Trump’s trade tariff strategy

Click photo above or here for the video regarding the so-called ‘economic experts’

 

 

Yanis Varoufakis - 2018-05-15 - Original post - cached version
The idea of a unified Europe didn’t always elicit the current mixture of exasperation, boredom, and rage, in politicians and ordinary people alike. In fact, there was a time when the European Union seemed like a great initiative, especially on a continent ravaged first by two hot wars, then broken...
Yanis Varoufakis - 2018-03-09 - Original post - cached version
In this interview LA STAMPA sought my views on the outcome of the Italian elections. My original answers (in English) appear below. The gist? Italy’s election result is yet another example of the political centre’s implosion as a result of the establishment’s perseverance with failed, austerity-...
Yanis Varoufakis - 2018-03-07 - Original post - cached version

To read one excellent review of one’s book is a joy. To read an engaging and deeply thoughtful review of different categories of reviews of one’s book is a rare privilege. Normally, I should have left matters there, enjoying the diversity of opinion that Adults in the Room engendered. But...
Yanis Varoufakis - 2018-01-31 - Original post - cached version
Courtesy of opendemocracy.net, here is the transcript of my speech of 29th January at the House of Commons. The theme? How should Jeremy Corbyn’s Labour Party secure a progressive Brexit consistent with a socialist agenda for the UK but also with DiEM25’s campaign to democratise Europe.

The...

Yanis Varoufakis - 2018-01-15 - Original post - cached version
“Europa es exactamente lo opuesto a democracia”, asegura el ex ministro griego de Finanzas y cofundador de DIEM25, que ajusta cuentas con los protagonistas de la crisis del euro en  “Comportarse como adultos“

“El Gobierno español actuó firmemente en Bruselas contra los intereses de la inmensa...

Yanis Varoufakis - 2018-01-02 - Original post - cached version
El exministro de Finanzas griego ha publicado un libro sobre las entretelas de la política europea Yanis Varoufakis, exministro de Finanzas de Grecia. Barcelona, 9 de noviembre de 2017 ALBERT GARCIA

Polémico. Atractivo. Brillante. Controvertido. Los seis meses de Yanis Varoufakis(Atenas,...

Yanis Varoufakis - 2017-12-31 - Original post - cached version

Το 2017 ήταν άλλη μια χαμένη χρονιά για την Ευρώπη. Το 2016 ακόμα και οι πιο δύσπιστοι Ευρωπαίοι κατανόησαν ότι το πράγμα δεν πάει άλλο και ότι απαιτούνται ριζικές θεσμικές αλλαγές στην Ευρώπη. Παρ’ όλα αυτά, οι απαιτούμενες αλλαγές εμποδίστηκαν από τη συνήθη διαφωνία ως προς το τι πρέπει να...

Yanis Varoufakis - 2017-12-25 - Original post - cached version

In an exclusive interview with WIRED, Yanis Varoufakis discusses Bitcoin’s bubble, the fantasy of apolitical money and the opportunities for the blockchain to reform Europe. By TOM UPCHURCH Saturday 23 December 2017

When I first met Yanis Varoufakis in the summer of 2014, he...

Yanis Varoufakis - 2017-12-08 - Original post - cached version

Isn’t it remarkable how establishment European politicians speak common sense once they have lost power and are about to begin their long slide into oblivion? Martin Schulz just copied that pattern with his passionate federalist speech and his pronouncement that “the EU cannot afford another...

Yanis Varoufakis - 2017-12-07 - Original post - cached version

 

Along with French economist Thomas Piketty, former Greek finance minister Yanis Varoufakis is making economics sexy again. Journalists enjoyed snapping photos of Varoufakis, clad in a black leather coat, commuting to the finance ministry’s offices on his Yamaha motorcycle. But his short...
Yanis Varoufakis - 2017-12-02 - Original post - cached version

“Britain is a great democracy imperilled by the delusion that it is a great power. The EU is a great power imperilled by the delusion that it is a great democracy. To stabilise our common neighbourhood, in the East, the Middle-East and Africa, both Europe and the UK must overcome their delusions...

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